Plan Ledger DOL Form 5500 · updated monthly

Tri County Equipment401(k)

TRI COUNTY EQUIPMENT 401(K) PLAN · SANDUSKY, MI · plan year 2024

Reported admin expense ratio · 2024
0.00%

Peer grade: B+ · admin costs + employer contributions vs same-size plans · how grading works

Tri County Equipment reported $127 in plan administrative expenses for 2024: 0.00% of average plan assets, lower than ~75% of peers. Employer contributions averaged $1,594 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 1 year on file its reported administrative ratio fell from 0.02% to 0.00%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other retail trade employers. By assets it is among the smaller plans on file in Michigan (1,470th of 2,619), and the 2,451st of 5,215 in retail trade. In 2024, employees put in $2.18 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$10,958,267
Participants with balances143
Active participants125
Employer contributions$199,302
Employee contributions$434,420
Employer contribution per active participant$1,594
Average account balance$76,631
Benefits paid to participants$673,291
Plan auditUnmodified (clean) audit opinion
AuditorWEINLANDER FITZHUGH
Plan history3
Yearassets · accounts · employer contribution
2024$11.0M · 143 accts · $199K emplr
2023$10.1M · 145 accts · $203K emplr
2022$8.8M · 149 accts · $187K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$127
Total administrative$127
The Tri County Equipment 401(k) match · 2024
Employer contribution per active participant$1,594
Median for plans this size$2,416
2024$1,594 per active participant
2023$1,560 per active participant
2022$1,442 per active participant

Tri County Equipment's 2024 employer contribution ran below the $2,416 median for plans its size. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20241
JOHN HANCOCK · Recordkeeping$850

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024John Hancock
2023John Hancock

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$127 · 0.00%
2023$2,200 · 0.02%
2022Not separately reported
Similar plansRetail Trade · Michigan
Family Farm and Home, Inc MI$11.4M · 0.60%
English Gardens Group, Inc. MI$11.1M · 0.42%
The Pond Guy, Inc. MI$10.9M · 0.81%
Thelen, Inc. MI$10.6M · 0.41%

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Source: U.S. Department of Labor, Form 5500 series, EIN 382795820 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.